Commodities (Crude Oil & Copper) & Macro Outlook

On Tuesday (June 16), CBOT soybean futures rose 0.95% to $11.4550 per bushel, Arabica coffee futures climbed 5.74%, and New York cocoa futures jumped 6.55% to $4,232 per ton, according to Bloomberg. Robusta coffee futures advanced 2.04%, while London cocoa futures gained 6.31%. The Bloomberg

Shanghai Futures Exchange crude oil 2608 contract closed down 3.93% at 508.90 yuan per barrel in the night session. Shanghai gold fell 0.06% while Shanghai silver declined 0.07%.

The Bank of Japan raised its benchmark interest rate to around 1% in a 7-1 vote on Tuesday, with the new guideline effective June 17. The quarter-point move lifted Japan's rate to its highest level in over three decades, last reached in 1995. Policymakers cited rising domestic inflation driven by hi

Ukrainian drones struck Russia's Kapotnya Oil Refinery located 10 miles from the Kremlin, according to statements from Ukrainian President Volodymyr Zelenskyy and Moscow Mayor Sergei Sobyanin. Zelenskyy described the strike as a 'just response to Russian strikes and to the dragging out of a war

According to Moscow Mayor Sergei Sobyanin, Ukrainian drones struck Russia's Kapotnya Oil Refinery on June 16, located 10 miles from the Kremlin. The facility supplies approximately 70% of Moscow's oil demand. The Mayor confirmed the refinery was damaged but reported no casualties. Russia claimed at

U.S. natural gas futures surged over 3% intraday on June 16, now trading at $3.242 per million BTU.

According to Guru Club, on June 16, the Baltic Dry Index fell to 2670 points, down 50 points or 1.8%, pressured by weakness in Capesize and Panamax vessels. The Capesize Index declined 142 points to 3911, dropping 3.5%, with daily profits falling $1,285 to $31,968. The Panamax Index fell 25 points t

According to Bitget, WTI crude oil fell below $76 per barrel on June 16, marking a new low since March 5, with intraday losses of 6.63%.

According to Fonterra, on June 16, the Global Dairy Trade (GDT) price index declined 2.8%, with whole milk powder contracts averaging $3,979 per tonne at auction. Wholesale milk powder prices also fell 3.1% to $3,589 per tonne.

Cotton futures surged 1.87% during tonight's trading session (June 16), leading broad gains across commodities. Cotton yarn rose 1.51%, with natural rubber, latex, and palm oil climbing 1.35% to 1.42%. Soybeans, soybean meal, canola meal, soybean oil, sugar, pulp, synthetic rubber, and coking coal e

According to Reuters, QatarEnergy is prepared to resume liquid natural gas production at its Ras Laffan facility within one month, bringing unaffected installations to full capacity. An insider revealed that the company has made preparations for rapid recovery at the LNG plant following recent

Dutch natural gas futures fell 2.5% to €41.415 over the past four trading days, with a cumulative decline of 18.2%, while UK natural gas futures dropped 2% to 99 pence with a four-day cumulative loss of 17.7%. According to Citi, European natural gas prices still trade roughly 30% above pre-crisis le

According to Serbian President Aleksandar Vučić, Hungary's MOL Group should be granted a 15-day extension to negotiate the acquisition of a 51.56% stake in Serbia's state oil company NIS (Naftna Industrija Srbije) in partnership with Russian Gazprom NEFT and Gazprom. The transaction has been

From 14:15 to 14:30 (UTC) on June 16, 2026, BTC fell 0.72% within 15 minutes, with a price range of 65,519.5–66,077.2 USDT and an amplitude of 0.84%. This period falls at the handover between the New York and Asian trading sessions, where liquidity is relatively low; price action is more sensitive to short-term changes in supply and demand, amplifying volatility versus normal. The main driver behind this unusual move was the US May CPI data coming in above expectations. CPI year-on-year rose to

According to Jin10 citing ECB Chief Economist Lane, inflation pressure from Middle East tensions remains accumulating as of June 16, requiring the central bank's preparation. Despite a U.S.-Iran agreement to reopen the Strait of Hormuz, oil prices have not simply returned to pre-crisis levels. Lane

According to State Street CEO Yie-Hsin Hung's announcement on Tuesday, State Street Investment Management has launched the State Street Stablecoin Reserves Money Market Fund (SSCXX), a Rule 2a-7 government money market fund designed for stablecoin issuers to park their reserves. The fund aims for

On Tuesday (June 16), U.S. stock markets opened mixed ahead of Fed Chair Kevin Warsh's inaugural rate-decision meeting. The Dow Jones Industrial Average rose 0.58%, the Nasdaq Composite fell 0.03%, and the S&P 500 gained 0.01%. Oil prices dropped sharply, with WTI crude falling 3.36% to $76.77 per

According to sources, a Moscow oil refinery suspended operations on June 16 following a Ukrainian drone attack. The facility paused operations after the strike.

Crude oil prices extended declines on Tuesday, with West Texas Intermediate (WTI) falling 3% to $78.4 per barrel and Brent crude dropping 2.6% to $81 per barrel, marking a fourth consecutive session of losses. The selloff followed reports that the United States and Iran had virtually signed an

According to BlockBeats, U.S. President Donald Trump stated on June 16 that the administration will further lower oil prices. The remark reflects ongoing policy efforts to reduce energy costs.